Royal Bank Of Scotland Share Discussion Threads

[leedskier] 30/5/2013 17:52

The year to date chart for RBS appears to show the formation of an inverted head and shoulders.

[ramco] 30/5/2013 17:10

Freddie Mac? It's a survey....buy or discount at your convenience....;

[n73] 30/5/2013 16:23

Ramco - 30 May 2013 - 15:27 - 110269 of 110270According to whom again... Do you really buy their story?

[ramco] 30/5/2013 15:29

lol....well it was on the cards...and nowadays what data...;

[ramco] 30/5/2013 15:27

The 30-year fixed-rate mortgage moved to its highest level in a year, according to the latest Freddie Mac survey, averaging 3.81% from 3.59% in the prior week. The 15-year fixed-rate mortgage also increased, rising to 2.98% vs. 2.77% last week. A year ago, the rates averaged 3.75% and 2.97%, respectively
http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-highest-in-a-year-otcqb-fmcc-1022085

[leedskier] 30/5/2013 15:17

A case of the weaker the data the better for the US traders ;

[ramco] 30/5/2013 15:07

The Bloomberg Consumer Comfort Index is about unchanged at -29.7 vs. -29.4 last week. The index's momentum continues to stall after breaking through in April the -30 barrier under which it had been stuck since 2008. As perspective, the 1985-2007 average of the CCI was -9.4.

[ramco] 30/5/2013 15:07

Apr. Pending Home Sales: +0.3% to 106.0 vs. +1.4% expected, +1.5% prior (revised).

[ramco] 30/5/2013 15:06

On the hour: Dow +0.48%. 10-yr -0.08%. Euro +0.7% vs. dollar. Crude -0.79% to $92.39. Gold +1.54% to $1413.25.

[ramco] 30/5/2013 14:39

At the open: Dow -0.02% to 15301. S&P +0.14% to 1651. Nasdaq +0.31% to 3478.
Treasurys: 30-year 0%. 10-yr -0.02%. 5-yr -0.02%.
Commodities: Crude -1.26% to $91.96. Gold +1.28% to $1409.55.
Currencies: Euro +0.71% vs. dollar. Yen 0.%. Pound -0.34%.

[ramco] 30/5/2013 14:22

Market preview: Stock futures stay positive following slightly worse-than-forecast GDP and weekly jobless data, with the S&P Mini +0.1%. European shares are higher, although Nikkei futures start to slide (now -2%) after earlier erasing most of the 225's 5.2% loss in normal trading. Clearwire is +21% as Dish serves up an increased offer, while NV Energy is +23% on news that it's jumping into Warren Buffett's arms. Later: Bloomberg Consumer Comfort, Pending Home Sales

[leedskier] 30/5/2013 14:21

Royal Bank of Scotland Group PLC (RBS) has begun culling bidders for more than 315 of its branches that it is selling as part of its restructuring, Sky News City Editor Mark Kleinman reports Thursday, without identifying sources.

Mr. Kleinman says Sky News understands RBS in the last week informed a number of potential buyers that their offers have been unsuccessful. The report says the unsuccessful buyers include a joint offer from Apollo Management and JC Flowers, which tabled a bid last year.

UBS AG, which is advising RBS on the sale process, is also understood to have signaled to other would-be buyers such as Anacap Financial that their interest is unlikely to be pursued, according to the report.

Virgin Money, the banking arm of Sir Richard Branson's business empire, is understood to have ceased working on an offer for the branches some time ago although it could theoretically still be interested, the Sky report says.

RBS is required to sell the branches by the European Commission, as a condition of its bailout by the U.K. government during the financial crisis. The U.K. government owns roughly 82% of the bank.

Spanish banking giant Banco Santander SA (SAN) had agreed to buy the branches in 2010, but pulled out of talks with RBS last year, citing the difficulty of separating the businesses in a way that would allow the 1.8 million customers affected to be seamlessly transferred to Santander's network.

The Sky report says the principal bidders still in the RBS auction include a consortium of City of London institutions led by Andy Higginson, the former finance director of Tesco PLC, and a private-equity bid from Corsair Capital and Centerbridge.

It adds that RBS declined to comment.

Full story: http://news.sky.com/story/1097215/rbs-culls-bidders-in-race-to-sell-branches

[ramco] 30/5/2013 14:06

On the hour: S&P +0.21%. 10-yr -0.06%. Euro +0.31% vs. dollar. Crude -0.84% to $92.35. Gold +1.06% to $1406.55.

[ramco] 30/5/2013 14:05

Although the volatility in Japan continues (the Nikkei was down -5.15% overnight), the rest of the major developed markets do not seem to be having difficulty this morning. Despite a relatively light news flow and rising rates in Italy, European markets are higher and the U.S. futures have moved from red to green.

[ramco] 30/5/2013 14:04

the comparisons between this year's stock market performance and that of 1995 have been making the rounds lately and it helps explain my point this morning. Ned Davis Research is always on the lookout for historical trends that are either repeating or at the very least, rhyming with the current market. NDR says that the "nearest neighbor" to what we're seeing in the stock market so far 2013 can be seen in the years 1954, 1964, and 1995.

Add: Guess what happened in 1995 market continued to trend higher...;

[ramco] 30/5/2013 14:01

I'm sure you've heard all the bear arguments by now. Stocks simply can't go any higher because the major indices are overbought ... because the rally is extended ... because the rate of change is too high ... because the Fed is artificially inflating prices with their QE efforts ... and/or because market sentiment has become too optimistic. However, it is important to understand a couple things. First and foremost, let's remember that this is Ms. Market's game and she can do any damn thing she wants, any time she wants. And second, we need to recognize that all indicators don't work in all market environments.

If you are going to try to manage the risk/reward relationship of this bucking bronco called the stock market, I believe it is vital to understand that you need different tools for different jobs. For example, the same pedal-to-the-metal, aggressive approach that worked well in the 90's was a disaster during the "Tech Bubble" bear of 2000-2002 and the "Credit Crisis" bear that occurred from mid-2007 through early-2009. And by the same token, using the capital preservation techniques that saved your bacon during the bear markets has meant missing out (or worse) on the tremendous opportunities for profit that have presented themselves during the 2003-2007 and 2009-?? bull market cycles.

[ramco] 30/5/2013 13:59

Sales of residential properties in foreclosure dropped 22% on year to 190,121 in Q1, providing further evidence of a recovery in the housing market. Such transactions accounted for 21% of all home sales, down from 25% a year earlier and a peak of 45% in Q1 2009, but still well above an average of less than 5% in 2005 and 2006.

[ramco] 30/5/2013 13:58

What on earth's going on in world markets, asks Joe Weisenthal? With falling bond prices over the last month or so accompanied by rising stocks and a strengthening dollar, Paul Krugman reckons "it looks like a story about macroeconomic optimism," although he doesn't mention Japan. SocGen's Kit Juckes says the re-calibration of Treasury yields is leading to dollar strength, commodity weakness, "and a much bumpier June/August period for risk assets." As Wiesenthal says, "nothing is quite satisfying."

[ramco] 30/5/2013 13:57

Brazil's central bank hiked rates overnight by an unexpectedly large 50 bps, the Selic now residing at 8%. The move comes even as growth came in at a meager 1.95% in Q1. Inflation, however, is accelerating and recently breached the upper band of the bank's 2.5%-6.5% target. The country is the only member of the G-20 currently in rate-hike mode.

[ramco] 30/5/2013 13:56

Nikkei futures go nuts, reversing most of a 5% overnight plunge on word Japan's public pension fund is considering shifting to a more pro-equity stance.
http://finviz.com/futures_charts.ashx?t=NKD&p=m5

[ramco] 30/5/2013 13:55

Morgan Stanley (MS) scales back its ambition to be a top fixed-income shop, telling investors its aim is to pull in just $1.5B-$2.5B in quarterly revenue, far less than the pre-crisis peak of $3.4B. The bank - famously targeting a 10% ROE - wants to instead focus on the more profitable businesses helping to achieve that. Shares +0.8% premarket.

[ramco] 30/5/2013 13:54

Bulls flee in the AAII Investor Sentiment Survey, their numbers - in the week ended yesterday - dropping 13 points to 36%, below the long-term average of 39%. Bears gain 8.1 points to 29.6%, about inline with the long-term average.

[ramco] 30/5/2013 13:52

GDP Q1 (2nd estimate): +2.4% vs. 2.5% forecast, 2.5% previous.

[ramco] 30/5/2013 13:52

Q1 Corporate Profits: -$43.8B vs. +$45.5B in Q4.